Bill Text: CA AB1768 | 2017-2018 | Regular Session | Chaptered
Bill Title: The County of San Bernardino: housing authority: middle-income housing projects.
Spectrum: Partisan Bill (Republican 1-0)
Status: (Passed) 2018-07-09 - Chaptered by Secretary of State - Chapter 66, Statutes of 2018. [AB1768 Detail]
Download: California-2017-AB1768-Chaptered.html
| Assembly Bill No. 1768 |
| CHAPTER 66 |
An act to amend Section 34340 of the Health and Safety Code, relating to housing.
[
Approved by
Governor
July 09, 2018.
Filed with
Secretary of State
July 09, 2018.
]
LEGISLATIVE COUNSEL'S DIGEST
AB 1768, Steinorth.
The County of San Bernardino: housing authority: middle-income housing projects.
The Housing Authorities Law authorizes a housing authority of a city or county to, among other things, prepare, carry out, acquire, lease, and operate housing projects and housing developments for persons of low income, as provided. That law grants powers to an authority relating to, among other things, the issuance of bonds.
Existing law, until January 1, 2022, authorizes a housing authority located in the City of San Diego or the County of Santa Clara to implement a pilot program to develop and finance a middle-income housing project, as defined, if the project receives gap financing, as defined. Existing law requires any gap financing to be approved by the housing authority’s legislative body, as provided, and requires the housing authority to provide a report to the Legislature, as specified.
This
bill would authorize a housing authority in the County of San Bernardino, until January 1, 2022, also to develop and finance a middle-income housing project if it receives gap financing. The bill would make legislative findings and declarations as to the necessity of a special statute for the County of San Bernardino.
Digest Key
Vote: MAJORITY Appropriation: NO Fiscal Committee: NO Local Program: NOBill Text
The people of the State of California do enact as follows:
SECTION 1.
Section 34340 of the Health and Safety Code is amended to read:34340.
(a) A housing authority located in the City of San Diego, the County of San Bernardino, or the County of Santa Clara may implement a pilot program to develop and finance a middle-income housing project as follows:(1) Middle-income housing projects may receive gap financing from funds received pursuant to Section 34315.3.
(2) Financial or other assistance received from any public source pursuant to Section 34315.3 shall not be used to provide gap financing to units that will be occupied
at or above market-rate rents.
(3) Any gap financing for middle-income housing projects shall first be approved by the housing authority’s legislative body by resolution after a public hearing. Notice of the time and place of the hearing shall be published in a newspaper of general circulation in the community at least once per week for at least two successive weeks, as specified in Section 6066 of the Government Code, prior to the hearing.
(4) The resolution approving the gap financing agreement shall contain a finding that gap financing will provide housing for low- and middle-income persons and is consistent with this section.
(5) (A) On or before January 1, 2020, and on or before January 1, 2022, the housing authority shall provide a report to the Legislature that contains the following
information for each calendar year during which the housing authority implemented a pilot program pursuant to this section:
(i) The number of units produced using gap financing.
(ii) The amount of gap financing per regulated unit.
(iii) The levels of affordability of those units produced using gap financing.
(iv) The term of affordability for those units produced using gap financing.
(B) A report submitted to the Legislature pursuant to this paragraph shall be submitted in compliance with Section 9795 of the Government Code.
(b) For the purposes of this article, the following terms have the following meanings:
(1) “Middle-income housing project” means a housing project that includes at least 40 percent of units, excluding units available for managers, that are affordable to and will be occupied by persons of low income, as well as at least 10 percent of units that are affordable to and will be occupied by persons and families of middle income.
(2) “Persons of low income” has the same meaning as in Section 34213.
(3) “Persons and families of middle income” has the same meaning as in Section 65008 of the Government Code.
(4) “Gap financing” means a loan from a housing authority to fund the remaining cost of development of a middle-income housing project after other funds have been secured, including, but not limited to, bond funds, tax credits, conventional loans,
or other private and public funds.
(c) Nothing in this section shall be construed to change current law regarding housing authority bond authority pursuant to this part or low-income housing tax credits, as described by Section 42(g) of the Internal Revenue Code.
(d) This article does not require a housing authority in the City of San Diego, the County of San Bernardino,
or the County of Santa Clara to implement the pilot program described by this section.
